Analysis of the Hecksher-Ohlin Model

The Hecksher-Ohlin theory is a theory of a long-term general balance where the two factors of production taken into account, namely work and capital, are interchangeable among the fields of activity. This theory considers that the relative advantage of each country depends on the combination of the...

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Bibliographic Details
Published inAnalele Universității "Dunărea de Jos" Galați. Fascicula I, Economie și informatica aplicata Vol. XI; no. 1; pp. 33 - 38
Main Author Muntean, Mihaela Carmen
Format Journal Article
LanguageEnglish
Published "Dunarea de Jos" University, Faculty of Economics and Business Administration 2005
Dunarea de Jos University of Galati
SeriesEconomics and Applied Informatics
Subjects
capital
comparative advantage
Hecksher-Ohlin theory
relative advantage
work
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Summary:The Hecksher-Ohlin theory is a theory of a long-term general balance where the two factors of production taken into account, namely work and capital, are interchangeable among the fields of activity. This theory considers that the relative advantage of each country depends on the combination of the production factors (capital, work, nature) which ensure a proportion which is comparatively or relatively higher than the more abundant factor and, therefore which may allow a production cost, which is relatively or comparatively low of the merchandise to be exported.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:1584-0409